BAM records first quarter adjusted result of €8 million

  • Construction and M&E services: margins impacted by subcontractor bankruptcies at older projects
  • Civil engineering: positive result mainly from Germany and the UK
  • Investment sectors: strong quarter at both Property and PPP
  • Order book: quality improving; volume reduced by one cancellation and the weaker pound sterling
  • Strong cash flow reflecting continuing improvement in working capital
  • Outlook for full year 2016 unchanged

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